Latest news with #CIFDAQ
Mint
21-05-2025
- Business
- Mint
Crypto markets news: Bitcoin price above $1,07,000 levels today, experts eye long-term growth
Crypto markets news: The world's biggest cryptocurrency reached a high of $107,995 on May 21, but remained between the $106-107k levels during the day, according to data on CoinMarketCap. At time of writing, Bitcoin was at $106,706.27 up 1.50 per cent from the previous day, with market capitalisation of $2.12 trillion, up 1.50 per cent day-on-day, and trading volumes down 2.04 per cent to $53.65 billion. According to the CoinSwitch Markets Desk, this is the first time since January that Bitcoin has surged past the $107k level and is 2 per cent away from its all-time high, as bullish momentum intensified. 'Bitcoin futures open interest rose by 10.65 per cent from last week to $74.35 billion, led by Binance with $12.28B, signaling growing leverage in the market. Institutional demand also played a role, with US spot BTC ETFs recording net inflows of $41.7 million yesterday, marking their fifth consecutive day of inflows,' they said. Himanshu Maradiya, Founder and Chairman, CIFDAQ noted that the cryptocurrency market 'remains in a consolidation phase'. According to Alankar Saxena, Co-founder and CTO of Mudrex, Bitcoin continues to build momentum, briefly testing the $107,000 level as bulls maintain control. 'Net volume delta on major exchanges has turned positive, reflecting growing spot demand. Historically, an increase in spot demand often led to key market tops, driven by rapid sentiment shifts. Notably, Bitcoin supply on exchanges has dropped to 7.1 per cent, the lowest since November 2018, indicating rising investor confidence and a shift toward long-term holding.' He expects that this reduction in sell-side pressure indicates further upside. 'Currently trading near $106,800, BTC faces resistance at $108,000, with support at $105,000, setting the stage for its next potential breakout,' Saxena noted. According to Alex Kuptsikevich, market analyst at FxPro, Bitcoin is being driven upwards by a crowd of retail investors, who are also driving the US stock market. 'Small players don't care that the US economy is slowing down, and the Fed is not going to cut rates. Traders are buying the S&P 500 and digital assets simply because they are rising…Traders are not particularly concerned about the fact that as Bitcoin grows, the number of fraudulent transactions increases,' he pointed out. CoinDCX research team thinks so. 'After the bulls managed to revamp a strong rise before the day's close. Despite a small drop in the volume, the markets have surged, which indicates a drop in the bearish interference,' it noted. Riya Sehgal, Research Analyst at Delta Exchange concurs, she feels that rebounding from $103k levels to $106k levels shows 'solid buyer interest at lower levels', and that the focus will now be at potentially moving toward $110,000 and new all-time highs. 'However, until that level is convincingly breached, the market may continue ranging, allowing for healthy accumulation,' Sehgal added. While he did not talk about all-time highs, Kuptsikevich also feels that 'if the resistance at 107K is broken, there are more chances to restore the uptrend'. Meanwhile, the second largest token Ethereum rose 0.35 per cent over the past 24 hours to $2,529.76, at time of writing, with market cap of $305.41 billion and trading volume of $22.59 billion, according to CoinMarketCap data. CoinSwitch Markets Desk noted that the token is holding near the $2,500 level and trading above both its 50- and 100-day moving averages. In fact, according to Sehgal, it has been showing stronger relative strength, gaining nearly 60 per cent over the last month and outperforming Bitcoin. 'Ethereum is trading around the $2,500 mark, a key psychological resistance. While structural indicators like the Golden Cross and ascending trendlines suggest a bullish setup, on-chain data points to short-term overheating. Elevated trading volumes and profit-taking around $2,500 could trigger a minor pullback or consolidation. In the near term, we expect volatility to remain elevated, with ETH needing to hold above $2,200 and BTC above $105,000 to sustain bullish momentum. Broader market sentiment remains cautiously optimistic as we await further confirmation of trend continuation,' she said. Harish Vatnani, Head of Trade at ZebPay, Ethereum has seen swings, moving from recent lows of $1,385 to $2,738 in a 97 per cent prices surge, 'The asset currently faces strong resistance at $2,850. If it breaks and closes above this level with good volumes, we can expect prices to rally further to $3,000 and $3,350,' he noted. On other altcoins, CoinDCX noted that Litecoin, Cardano, and Solana, are yet to reach their respective resistance, while the top gainers include Pi, OFFICIAL TRUMP, and Fartcoin, with 10 per cent to 13 per cent gains. Meanwhile, Pyth Network leads the losers with over a 7 per cent drop, followed by Story and Litecoin with 4 per cent each. CoinSwitch also noted that in DeFi, 'Aave has solidified its dominance by surpassing $24 billion in total value locked (TVL), now accounting for 20 per cent of the entire DeFi's TVL'. According to Investopedia, TVL is a metric used in the cryptocurrency sector to determine the total US dollar value of digital assets locked, or staked, on a particular blockchain. Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before taking any investment decisions.
News18
21-05-2025
- Business
- News18
Bitcoin Price Today: Popular Cryptocurrency Just 2% Away From All-Time High; Ethereum Rises Too
Last Updated: Altcoins, including Ethereum, Solana, Litecoin, Cardano also witnessed an upward movement. Ethereum was up 0.30 per cent to consolidate at $2,564.52. Bitcoin Price Today: The popular cryptocurrency Bitcoin is inching towards its all-time high. According to Binance, the current price of Bitcoin is Rs 107,666 at 10:00 am, which is just a 1.50 per cent low from its all-time high of $109,114.871. Though Bitcoin is experiencing a consolidated phase. 'The crypto market remains in a consolidation phase, with Bitcoin repeatedly testing the $106,000 level but facing resistance, while Ethereum struggles to sustain above $2,700," Himanshu Maradiya, Founder and Chairman, CIFDAQ argued. 'Despite a small drop in the volume, the markets have surged, which indicates a drop in the bearish interference," CoinDCX research team said. BTC futures open interest rose by 10.65% from last week to $74.35B, led by Binance with $12.28B, signaling growing leverage in the market. nstitutional demand also played a role, with U.S. spot BTC ETFs recording net inflows of $41.7M yesterday, marking their fifth consecutive day of inflows, said Coinswitch team desk. The current market capitalization of Bitcoin stands at $2.12 trillion, with volume of $50.38 billion. Ethereum, Solana Also Rise Altcoins, including Ethereum, Solana, Litecoin, Cardano also witnessed an upward movement. Ethereum was up 0.30 per cent to consolidate at $2,564.52, XRP also gained to trade at $2.37. 'Big moves could be on the horizon, as some rumors suggest Coinbase could acquire USDC issuer Circle, despite IPO plans. Besides, Texas has just passed the Texas Strategic Bitcoin Reserve and Investment Act, allowing the state to invest in Bitcoin, which now awaits the governor's approval, stated CoinDCX research team. advetisement Disclaimer: The views and investment tips by experts in this report are their own and not those of the website or its management. Users are advised to check with certified experts before taking any investment decisions. First Published:
News18
12-05-2025
- Business
- News18
Bitcoin Price Today: Crypto Reclaims $104,000, Market Cap Hits Highest Since February
Last Updated: The price of Bitcoin stood at $104,179.72 with a current market cap of $2.07 trillion as of 10:30 am on Monday, May 12. Bitcoin Price Today, May 12: Bitcoin has recorded the highest market capitalisation since February 2025 after the world's biggest cryptocurrency reclaimed the $104,000 mark. Experts said Bitcoin has held above $100,000 for three straight days, fuelled by President Trump's announcement of a 'total reset" in US-China trade relations after high-level talks in Geneva. The price of Bitcoin stood at $104,179.72 with a current market cap of $2.07 trillion as of 10:30 am on Monday, May 12. Its 24-hour trading volume was $46 billion. Bitcoin recorded a circulating supply of 19.86 million. In rupee terms, the price of Bitcoin stood at Rs 88,04,300. CoinSwitch Markets Desk in its note said, 'Bitcoin surged past the $104K mark yesterday and has held above $100K for three straight days, fueled by President Trump's announcement of a 'total reset" in U.S.-China trade relations after high level talks in Geneva. Institutional demand for BTC continued as BTC ETFs recorded $1 billion in inflows last week." The total crypto market cap climbed to $3.49 trillion, its highest level since February. However, with the Relative Strength Index (RSI) entering overbought territory, a short-term correction or consolidation could be on the horizon. Among altcoins, Ethereum rose 8 per cent over the weekend, and BNB touched $672, its highest since March, it added. Avinash Shekhar, co-founder and CEO of Pi42, said, 'The recent resurgence in Ethereum and altcoins signals a definitive shift in market sentiment, hinting at the early stages of an altcoin season. With Ethereum gaining nearly 40 per cent weekly — driven by macro tailwinds and the Pectra upgrade — and DOGE leading the charge among large-cap alts, investor appetite is clearly broadening beyond Bitcoin." Himanshu Maradiya, founder and chairman of CIFDAQ, said projects tied to the Ethereum ecosystem have shown exceptional strength, like Arbitrum as a key Layer-2 solution, Gala leveraging its L1, and Ethena offering synthetic dollar instruments on Ethereum. Even Pi Network has drawn attention during this rally. The common thread? Ethereum. Pi Coin price crossed $1-mark amidst the positive trade talks between the United States and China. According to CoinMarketCap, the price of Pi Coin was up 33 per cent to $1.25 around 9:20 am IST, with a 280% jump in volume at $1.32 billion. 'The performance of ETH and ETH-based projects signals deepening market confidence and increased capital rotation into Ethereum's expanding ecosystem," he added. First Published:
India Today
09-05-2025
- Business
- India Today
Bitcoin crosses $100,000 again, as US-UK trade deal lifts market mood
Bitcoin has once again crossed the $100,000 mark, fuelled by improved market sentiment following a trade agreement between the US and UK, suggesting President Trump's trade tensions with other countries may be April 9, 2025, Bitcoin, the world's largest cryptocurrency, was trading at $102,784.57, up by 3.73% over the previous day, at the time of writing (10.30 AM).advertisementETHEREUM AND ALTCOINS JOIN THE RALLYIt's not just Bitcoin that's booming. Ethereum has jumped by 16.20% since last day and is now trading at $2,213.45. Other altcoins like Solana, XRP, Cardano, Stellar and Chainlink have also shown strong gains, increasing by 7.35%, 4.68%, 7.67%, 8.02% and 7.30%, respectively, since the previous day. According to Himanshu Maradiya, Founder and Chairman, CIFDAQ, 'Bitcoin has surged past the $100,000 milestone, signaling robust bullish momentum. Ethereum also exhibits strength, trading above $2,000, with increased whale activity and a resurgence in DeFi activity contributing to its upward trajectory.''The Bitcoin price smashes above the psychological barrier at $100K and marks the local highs at $104,175. After reclaiming a $2 trillion market cap, Bitcoin has become the world's fifth-largest asset, surpassing Amazon. Besides, the altcoins have also gained huge momentum as Ethereum rises above the pivotal resistance at $2,200 with over a 20% jump and Solana above $160,' mentioned FROM THE US-UK TRADE DEALadvertisementAdding to the momentum was the announcement of a fresh trade deal between US President Donald Trump and UK Prime Minister Keir Starmer. The agreement eases tariffs and signals a possible end to the trade tensions that began earlier this year. This helped lift market mood across sectors and gave crypto investors an added reason to feel positive.'The current surge marks the second leg of the broader bullish rally, and the opportunity to buy Bitcoin below the $100,000 mark may now be behind us. With institutional interest accelerating across the board, this rally underscores the rapid maturation of the crypto market and its growing acceptance as a mainstream asset class,' said Himanshu Watch
Time of India
21-04-2025
- Business
- Time of India
Crypto prices today: Bitcoin jumps 3% to $87,500; Chainlink, Sui surge up to 6%
Bitcoin price today: Bitcoin and Ethereum rose as dollar weakness and institutional buying fueled bullish momentum; altcoins like XRP, Solana, and Dogecoin also posted solid gains. Bitcoin price today: Bitcoin rallied 3.3% to $87,518 as the dollar fell sharply, sparking broader gains in the crypto market. Ethereum and major altcoins also rose amid strong liquidity and ETF inflows, pushing the global crypto market cap to $2.75 trillion. Tired of too many ads? Remove Ads Crypto TrackerPowered By TOP COINS TOP COIN SETS XRP 181.9 ( 3.37 %) Buy Ethereum 1,40,282 ( 3.31 %) Buy Bitcoin 74,54,696 ( 3.17 %) Buy BNB 51,493 ( 1.56 %) Buy Solana 11,971.05 ( 0.82 %) Buy Tired of too many ads? Remove Ads Bitcoin, Ethereum, and other blue-chip crypto tokens were trading higher on Monday, as the dollar sharply declined amid global uncertainties over trade of 1:13 PM IST, Bitcoin rose 3.3% to $87,518, while Ethereum gained 3.4%, reaching $1,646. The global cryptocurrency market cap increased by 2.7%, reaching $2.75 trillion."Bitcoin has bounced back strongly, crossing $87,000 after dipping to $74,500 earlier this month. This came as hedge funds aggressively sold the dollar against major currencies, driving the DXY to 98.5, its lowest since April 2022 and down 10% in three months. A weaker dollar typically fuels risk-taking, and crypto markets are clearly benefiting," said Riya Sehgal, Research Analyst, Delta Exchange."Also, the move is backed by growing liquidity, steady ETF inflows, and continued institutional buying, like Strategy's recent 3,459 BTC purchase," she Maradiya, Founder and Chairman of CIFDAQ, added, "Bitcoin now looks firmly bullish, with momentum indicating a potential move toward the $90,000-$94,000 range. A sustained breakout could signal broader market strength, attracting both institutional and retail investors."Also Read: Rich Dad Poor Dad author Robert Kiyosaki predicts Bitcoin will double to $200k by 2025 Among altcoins, XRP gained 3%, Solana increased by 1%, Dogecoin rose 3%, Cardano climbed 3%, and Chainlink surged 5%. Meanwhile, Avalanche rose 4%, Toncoin increased by 2%, Shiba Inu gained 2.5%, Sui rose 6%, and Hedera surged 5%.Bitcoin's market cap climbed to $1.737 trillion, with its dominance rising to 63.06%. Daily trading volume surged by 78.56%, reaching $25.58 billion. Stablecoins accounted for 92.88% of total crypto trading activity, totaling $61.5 billion, according to CoinMarketCap."Major altcoins have posted modest gains, with Ethereum reclaiming the $2,600 mark. Bitcoin's dominance continues to strengthen above 63%. A reversal of this trend could trigger an altcoin season if Bitcoin maintains its position above $90,000," said Vikram Subburaj, CEO of Read: Bitcoin was born out of the 2008 financial crisis, will die in the 2025 crisis, says Peter Schiff (Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)
